FORT WORTH EMPLOYEES' RETIREMENT FUND v. J.P. MORGAN CHASE & CO.

No. 09-CV-3701 (JPO).

FORT WORTH EMPLOYEES' RETIREMENT FUND, on behalf of itself and all others similarly situated, Plaintiffs, v. J.P. MORGAN CHASE & CO., et al., Defendants.

United States District Court, S.D. New York.

September 30, 2014.


Attorney(s) appearing for the Case

Laborers Pension Trust Fund for Northern California, Lead Plaintiff, represented by Arthur C. Leahy , Robbins Geller Rudman & Dowd LLP, Carolina Cecilia Torres , Robbins Geller Rudman & Dowd LLP, David Avi Rosenfeld , Robbins Geller Rudman & Dowd LLP, Ivy T. Ngo , Robbins Geller Rudman & Dowd LLP, Jonah H. Goldstein , Robbins Geller Rudman & Dowd LLP, Matthew I. Alpert , Robbins Geller Rudman & Dowd LLP, Nathan R. Lindell , Robbins Geller Rudman & Dowd LLP, Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP, Scott H. Saham , Robbins Geller Rudman & Dowd LLP, Susan G. Taylor , Robbins Geller Rudman & Dowd LLP, Thomas Edward Egler , Robbins Geller Rudman & Dowd LLP, Angel P. Lau , Robbins Geller Rudman & Dowd LLP, Ashley M Robinson , Robbins Geller Rudman & Dowd LLP, Caroline M Robert , Robbins Geller Rudman & Dowd LLP, Daniel S. Drosman , Robbins Geller Rudman & Dowd LLP, Darryl J. Alvarado , Robbins Geller Rudman & Dowd LLP, Hillary B. Stakem , Robbins Geller Rudman & Dowd LLP, L. Dana Martindale , Robbins, Geller, Rudman & Dowd LLP & Luke Orion Brooks , Robbins Geller Rudman & Dowd LLP.

Construction Laborers Pension Trust for Southern California, Lead Plaintiff, represented by David Avi Rosenfeld , Robbins Geller Rudman & Dowd LLP, Angel P. Lau , Robbins Geller Rudman & Dowd LLP, Ashley M Robinson , Robbins Geller Rudman & Dowd LLP, Caroline M Robert , Robbins Geller Rudman & Dowd LLP, Daniel S. Drosman , Robbins Geller Rudman & Dowd LLP, Darryl J. Alvarado , Robbins Geller Rudman & Dowd LLP, Hillary B. Stakem , Robbins Geller Rudman & Dowd LLP, Luke Orion Brooks , Robbins Geller Rudman & Dowd LLP & Susan G. Taylor , Robbins Geller Rudman & Dowd LLP.

Fort Worth Employees' Retirement Fund, on Behalf of Itself and All Others Similarly Situated, Plaintiff, represented by Jonah H. Goldstein , Robbins Geller Rudman & Dowd LLP, Joseph Peter Guglielmo , Scott + Scott, L.L.P., Nathan R. Lindell , Robbins Geller Rudman & Dowd LLP, Thomas Livezey Laughlin, IV , Scott + Scott, L.L.P. & Geoffrey M. Johnson , Scott + Scott, LLP.

JP Morgan Chase & Co., Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Alan Howard Scheiner , Levi Lubarsky & Feigenbaum LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

J.P. Morgan Mortgage Acquisition Corp., Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

J.P. Morgan Securities, Inc., Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Rebecca L. Butcher , Landis Rath & Cobb LLP, Alan Howard Scheiner , Levi Lubarsky & Feigenbaum LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

Louis Schioppo, JR, Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

Christine E. Cole, Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

David M. Duzyk, Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

Edwin F. McMichael, Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

Brian Bernard, Defendant, represented by Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

William King, Defendant, represented by Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

J.P. Morgan Acceptance Corporation I, Defendant, represented by Alfred Robert Pietrzak , Sidley Austin LLP, Dorothy Jane Spenner , Sidley Austin LLP, Rebecca L. Butcher , Landis Rath & Cobb LLP, Alison Leigh MacGregor , Kelley Drye & Warren, LLP, Andrew W. Stern , Sidley Austin LLP, Daniel Allan McLaughlin , Sidley Austin LLP, Danny Cameron Moxley , Sidley Austin LLP, Darrell Scott Cafasso , Sullivan & Cromwell, LLP, David Lionel Breau , Sidley Austin LLP, Owen Harris Smith , Barack Ferrazzano Kirschbaum & Nagelberg LLP, Richard Franklin Lubarsky , Levi Lubarsky & Feigenbaum LLP & Robert Andrew Sacks , Sullivan & Cromwell LLP.

Members United Corporate Federal Credit Union, Intervenor Plaintiff, represented by Arthur C. Leahy , Robbins Geller Rudman & Dowd LLP.


OPINION AND ORDER

J. PAUL OETKEN, District Judge.

This putative class-action lawsuit arises from the sale of $10 billion of mortgage pass-through certificates ("Certificates"), a type of mortgage-backed security ("MBS"), by entities related to J.P. Morgan Chase & Co. pursuant to a registration statement dated April 27, 2007 and incorporated prospectus supplements (collectively, the "Offering Documents"). The operative Second Amended Complaint ("SAC"...

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